^

Denmark is just afloat because like all of Scandinavia, they've ended social security and started a system of pensions by capitalization back in the 1990 Crisis

Otherwise, RIP

social democracy can survive because of imperialism

not that america is much different

What was different about scandinavian countries in 1950s then now

just curious

can someone else find some data about scandinavian incomes?

They had no welfare

IIRC there is GDP, brb

there was welfare in the 50s pretty sure

But was the link to increased wealth due to a lack of wealth fair ?

or at least the socdem movement had begun

http://8ch.net/leftypol/res/1852563.html

rip, my source is apparently offline

GDP isn't very helpful tbh

I like income better

median

taking buying power into account

is there a problem with this?

@Sampuka Socdem started off in the early 60s, or by the 1970s

the movement started in the 20s though

There was some welfare before, yes, but it swelled after social-democrat reforms were implemented

the famous social democrat premiermenister was in 1924

effective reforms started off 40-50 years later tho

doubt it, but I don't know for sure

Social democracies only work on wealthy countries who implement economic liberalism tbh

well buying power is an important factor to see how rich a country is

And it's not certain that the welfare state will be kept sustainable

they only work with countries that are imperialist

Define "imperialism"

in other words why venezuela failed

you can easy figure out some buying power if you look at inflation and the costs of living

Venezuela was straight collectivism, it's different

imperialism in capitalism is buying very very cheap labor from poor countries

Government kept seizing foreign property and private property as a whole and spread their tentacles over oil industry, which became the walking stick of venezuelan economy

well it tried, but it wasn't collectivized

That's not imperialism though, that's just trade opportunism

"imperialism in capitalism is buying very very cheap labor from poor countries" i agree

Venezuela shot intself in the foot by making it so hard for foreign investers

^